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Market Behaviour of Next Week? Up or Down

3 posters

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Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Will the market continue to be upward in whole next week? I have doubts that today's bull is one-off thing due to
Negatives
Union bank IPO
*Debt clearance - For December deadline market started falling three months ahead (September end).
*This time 1.5 months ahead for 50% of clearance is possible?
*Foreign selling continues - with lesser magnitude to 2010 November

Positives
*Some may have covered debt with margin facilities
*Not sever foreign selling pressure as in 2010 November
*Up coming quarterly reports - however, results of this reports may have been speculated in 2010 bull runs

Will positives override negatives or negatives overrun positives in next week?

Just share your thoughts. Thanks!



Last edited by Quibit on Fri Feb 04, 2011 7:04 pm; edited 4 times in total (Reason for editing : format condensed)

2Market Behaviour of Next Week? Up or Down Empty Negatives Thu Feb 03, 2011 6:51 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

Union Bank IPO is on 24th Feb. So It cannot be considered as a -ve.

http://forum.srilankaequity.com/u188

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

milanka wrote:Union Bank IPO is on 24th Feb. So It cannot be considered as a -ve.

24th is the earliest closing date. However, application may start by 10th (as implied in the CSE announcement) and also to apply by 10th investors may start selling existing stocks by 10-3 (3 days to get money)?

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic

There might be possibilities the banking & finance rally begins as quarterly reports are to be relaeased..
Even there were some large volume movement in Banking & finance stocks ( SEYB,NTB,MBSL,LOLC) last Thursday..

Also existing plantation rally will also slowly moving despite the price band imposed for some stocks.

PCH expected to drop deadly !




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